 NEGOTIABLE
DEBT SECURITY
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| Bank Al Maghrib
considers the following to be negotiable debt securities: corporate
bonds, negotiable certificates of deposit, Treasury bonds and bills
issued by specialist financial institutions.
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| NET
ASSET VALUE
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| The unit value of purchasing or selling a unit or share
in an UCITS. It is calculated periodically.
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| NOMINAL
or PAR VALUE
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| Issue price of shares at the time of a company’s
incorporation. It corresponds to the value of the capital incorporated
as share capital. For debt instruments, nominal value corresponds to the
book value of the debt and serves as the basis for calculating interest
payments.
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